Things to do and not to do to retain Income Tax Exemption
Income Tax Exemption and Deductions – Things to do and not to do to retain Income Tax Exemption – PF withdrawals within 5 years – Discontinuance of a life cover within two years
Income Not included under the Head Salaries for computing Income Tax
Income Not included under the Head Salaries for computing Income Tax under Section 192 of the Income Tax Act 1961 Want to Calculate your Income Tax for the year 2014-15 (A.Year 2015-16) ? Click here to reach GConnect Income Tax Calculator 2014-15 Any income falling within any of the following clauses shall not be included…
Perquisites covered under Income Tax Act
Perquisites covered under Income Tax Act – Circular 17/2014 dated 10.12.2014 Want to Calculate your Income Tax for the year 2014-15 (A.Year 2015-16) ? Click here to reach GConnect Income Tax Calculator 2014-15 Perquisites includes: I. The value of rent free accommodation provided to the employee by his employer; II. The value of any concession…
How to compute Income Tax Liability ? FAQ of IT Dept
How to compute Income Tax Liability ? – Compilation of Frequently Asked Questions on computing Income Tax liability of an Individual Other important Income Tax 2014-15 related articles: Income Tax Exemptions available to Salaried Employees in 2014-15 Instant Income Tax Calculator 2014-15 (Assessment year 2015-16) How to use new GConnect Income Tax Calculator 2014-15 ? …
Instant GConnect Income Tax Calculator 2014-15
Instant GConnect Income Tax Calculator 2014-15 (Assessment Year 2015-16) suitable for users who prefer not to login and save values Instant GConnect Income Tax Calculator 2014-15 (Assessment Year 2015-16) is launched today with a view to make Income Tax Calculation more easier. This version of Income Tax Calculator has all the capabilities of login version…
Calculate IT Relief for Arrears of One time increment received
GConnect online Calculator to estimate Income Tax Relief under Section 89 of IT Act in respect of arrears of pay received in the year 2012-13: I have received arrears of pay this year as a result of one time increment granted by govt this year for employees received increments from Feb-06 to Jun-06 in the pre-revised Scale – Should I have to pay income tax for the same? Is there any exemption?
Declaration of Savings, income or loss on house property by Salaried Employees
As Drawing and Disbursal Officers (DDO) responsible for deduction of income tax from the salaried employees need to prepare for deduction and payment of income tax from the end of November of a financial year, all salaried employees have to declare Savings, income or loss on house property and other income to their DDO before end of November in every financial year.
Income Tax Dept issues Procedures for calculating IT for 2012-13
Income Tax Department issues this year’s (financial year 2012-13 and Assessment year 2013-14) Circular for envisaging the procedure for Income Tax calculation in respect of salaried class and deduction of tax from salary by the concerned DDO.